JANA Partners Releases New Video for Agrium Shareholders

           JANA Partners Releases New Video for Agrium Shareholders

PR Newswire

NEW YORK, NY, March 26, 2013

Available at www.JanaAGUAnalysis.com

NEW YORK, NY, March 26, 2013 /PRNewswire/ - JANA Partners today posted a new
video presentation on its website, www.JanaAGUAnalysis.com, in which all five
of its director nominees address the substantial opportunity to unlock
unrealized value for all shareholders of Agrium Inc. ("Agrium") (TSX / NYSE:
AGU).

"We encourage every Agrium shareholder to hear our nominees walk through the
value creation potential they see at Agrium and describe how they can apply
their skills and experience to help realize that value," said JANA Partners
Managing Partner Barry Rosenstein.

Board nominees David Bullock, Mitchell Jacobson and Stephen Clark have created
billions of dollars of value at distribution companies which Agrium has cited
as peers for its Retail business, while board nominee Lyle Vanclief served
Canada as the Minister of Agriculture and ran a commercial farm before that,
and can help bring the voice of Agrium's farmer customers into the boardroom.
Board Nominee Barry Rosenstein is the founder and managing partner of JANA
Partners and has a long track record of working to unlock value at companies,
typically by working constructively with boards and management.

In the new video presentation, the nominees discuss the following areas of
opportunity at Agrium, referred to as the "5 C's":

  *Cost Management - Reviewing Retail costs and corporate costs
  *Controls - Improving disclosure and better aligning incentives with value
    creation
  *Capital Allocation - Enacting a more consistent and shareholder-friendly
    capital return policy
  *Conglomerate Structure - Conducting a fair and unbiased structural review
    to address Agrium's persistent valuation discount
  *Corporate Governance - Addressing Agrium's insular and entrenched
    responses to new ideas

More information including full biographies of JANA's independent nominees can
be found at www.JanaAGUAnalysis.com.

VOTE THE BLUE PROXY OR VIF "FOR" UNLOCKING AGRIUM'S SUBSTANTIAL VALUE CREATION
POTENTIAL

SOURCE JANA Partners

Contact:

JANA Partners LLC at (212) 455 0900
 
Press spacebar to pause and continue. Press esc to stop.